What you don’t know about insurance can hurt your clients

Insurance as a hot-button issue is likely not going away anytime soon. Unfortunately, as long as Mother Nature is in control, agents, buyers and sellers need to be more proactive than ever, broker Cara Ameer writes. Continue reading

Share of homebuyers looking to move cities hits new high

Homebuyers have been dropping out of the market. Of the ones who are still in, more are eyeing a cross-city relocation, Redfin data suggests. Continue reading

Forecasters see home sales bottoming out this year, and then?

MBA forecasters expect rates to ease and sales to rise next year, but Fannie Mae economists predict home sales will remain subdued even if the Fed pulls off a soft landing. Continue reading

Homebuyer mortgage demand falls to lowest level since 1995

As mortgage rates hit new post-pandemic highs on inflation worries, an MBA survey finds applications for purchase loans fell for the sixth consecutive week last week and are down 30 percent from a year ago. Continue reading

Fueled by deals, new-home sales soar to highest level in 17 months

New-home sales rose 4.4 percent in July to an adjusted annual rate of 714,000 as the supply of existing homes continues to drop, according to data released Wednesday by the U.S. Census Bureau. Continue reading

The Fed, the market and memories of the global financial crisis

While naysayers and doomsdayers compare today’s real estate market to 2008, the numbers tell a very different economic story, writes marketing expert Chris Drayer. Continue reading

13K NYC rent-stabilized units have been vacant since 2021: Study

NYC’s Independent Budget Office’s latest study found 13,362 rent-stabilized units have been empty for at least two years. They said it’s “impossible” to know if landlords are justifiably keeping them unrented. Continue reading

Existing-home sales fall in July as low inventory, high rates take toll

Weighed down by low inventory and high mortgage rates, existing-home sales fell in July, to 4.07 million — or 16.6 percent lower than a year earlier, according to data from the National Association of Realtors. Continue reading

An economist’s take on housing prices, affordability, opportunity

Windermere Chief Economist Matthew Gardner looks at the latest numbers and the markets that still offer affordable options. Continue reading